A detailed version of a product idea stated in meaningful consumer terms is a ________

In May, 1996, Mr. Sanders leased a unit in his apartment house to a tenant for a two-year term. The tenant prepaid the last two months' rent at the time he entered into the lease agreement. For federal income tax purposes, that amount will be considered as income for Mr. Sanders:

A: In May, 1996; B: In May, 1998; C: Will be prorated throughout the term of the lease; D: When it is actually earned.

A ________ is a summary description of a characteristic or measure of the sample. It is used as an estimate of the population parameter

A) statistic B) precision level C) finite population correction D) parameter